transfers

Paterno’s transfer to wife was for estate planning purposes.


November 20, 2011
avatar

When I heard about the scandal at Penn State, I never imagined that it would lead to an Epilawg article on estate planning.  But somehow, the topic of federal tax planning worked its way into this news story. An article on InvestmentNews.com reported that in July of 2011, Joe Paterno transferred his interest in the […]

Basis primer: Step-up vs. Carry-over


December 25, 2010
avatar

“Basis” is not something that is simple to explain these days. Up until last week, the basis rules that apply to decedents in 2010 were in limbo. This article WILL NOT cover the advanced estate planning issue of basis allocations in 2010 and how they relate to the federal estate tax. Instead, this is an […]